WALLACE: Sen. Shelby, you say that the Obama administration is taking us down the road to socialism. Explain."Well, obviously"? When did Obama take office?
SHELBY: Well, obviously. So, they intervene last fall in the bank crisis. No one has ever done it on that scale before. Now the automobile crisis.
Shelby seemed to catch himself moments later, saying, “you have to go back to the Bush administration. They started it.” You know the Fox host would never call him out on the inaccuracies.
Say it with me: Bush is the "socialist" who federalized Fannie Mae, Freddy Mac, bailed out the banking industry and bought AIG. It was his $700 billion stimulus Congress approved last fall.
Source: ThinkProgress
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